Goodman Property Trust, which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed buyer. The four developments are expected to generate around $2.8 million of annual income and boost valuation gains between 10 percent and 15 percent, Goodman (NZ), the manager …

Christchurch City Holdings, the city council’s investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. Christchurch City Council’s investment and infrastructure unit, was offering $3.95 a share, and a 20 cents per share special dividend for a total of $4.15 to mop up the remaining stock after entering into …

New Zealand’s annual net migration rose to a record in August, exceeding Treasury’s forecasts, and spurred by more migrant arrivals and the ongoing decline of Kiwis leaving for Australia. The country gained a net 43,500 migrants in the year ended Aug. 31, the highest ever gain, according to Statistics New Zealand. Annual arrivals reached a new high of 103,900, while …